(NWMT) NewMarket Reports Continued 2010 Growth With $85 Million in Revenue and $4 Million in Net Income Compared to $75 Million
23 Novembre 2010 - 3:44PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today
announced an increase in revenue of more than 10%, reporting over
$85 million through the first three quarters of 2010 compared to
$75 million for the same period last year. The Company also
realized a better than 75% increase in net income reporting more
than $3.9 million in net income compared to $2.2 million for the
same period last year.
NewMarket plans to release a Webcast later today in which
management is expected to review performance through the third
quarter in more detail and recently announced plans for expansion
into India. The Webcast is also expected to include year-to-date
updates on key developments in the Greenfield Partnership Program.
The Webcast will feature Greenfield collaborative project efforts
in the rapidly growing mobile and systems integration markets in
East Africa between Savanna East Africa, Inc. (PINKSHEETS: NVAE)
(OTCQB: NVAE) and China Crescent Enterprises, Inc. (OTCBB: CCTR),
with operations in mainland China, and NuMobile, Inc. (OTCBB:
NUBL), a US-based mobile technology roll-up. Other Greenfield
projects include a new telecom contract in Latin America for China
Crescent and a special purpose Wi-Fi communication device project
based in Shenzhen, China with an end customer in Japan led by China
Crescent in association with NuMobile. Based on a formal letter of
intent and the performance of the initial project, the Japanese
customer has committed to purchase 10,000 of the custom Wi-Fi
devices for a total of $160 million over the next three years.
A link to the Webcast will be posted to NewMarket Technology's
corporate website, www.newmarkettechnology.com upon release.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology is a global small business
incubator. NewMarket's current portfolio of operations provides
systems integration, technology infrastructure services and
emerging technology. NewMarket's operations strategically focus on
providing technology and support services in emerging and
developing economies with high growth rate potential where
technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the
growing economies of China, Southeast Asia, Africa, Brazil and
Northern Latin America. Overall, NewMarket reported over $95
million in revenue for 2008 and reported over $98 million in
profitable revenue for 2009.
NewMarket's operations provide services and support for both
brand-name technologies, such as Microsoft, as well as emerging
technologies ranging from mobile computing to various security and
wireless broadband technologies. NewMarket's rapid growth since
2002 placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest
growing technology company in the United States in 2006 and the
number one fastest growing technology company in North Texas for
two years in a row.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 This press release contains forward-looking
statements that involve risks and uncertainties. The statements in
this release are forward-looking statements that are made pursuant
to safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Actual results, events and performance could
vary materially from those contemplated by these forward-looking
statements. These statements involve known and unknown risks and
uncertainties, which may cause NewMarket's actual results in future
periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include,
among other things, product demand and market competition. You
should independently investigate and fully understand all risks
before making investment decisions.
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Contact: NewMarket Technology, Inc. Investor Relations Email
Contact 214-722-3065
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